Citi Superday Sales and Trading Advice

So I went through an accelerated process with Citi and will automatically go to a superday with them next month.

Any tips for this? Never had a superday before so don't really know what the whole process is going to be like.

Is mental math a really big factor? I am not the best at this, quite frankly.

I am more interested in sales and on the equity side, but still open to all - I am a rising junior.

Guide to Citigroup S&T Interview

After receiving an invite to interview with Citi, you have some preparation to do. The Citi interview is broken down into technical, markets, behavioral, and case study components. You should be prepared to answer all the usual behavioral questions.

You can work on these types of questions through our Free Finance Interview Guide.

You can prepare for the markets component of the interview by reading the news and reading about movement in the markets each day.

You should put together:

  • An outlook on the S&P 500 (a proxy for the US markets)
  • An outlook on major country economies / markets (China, Eurozone, EMEA)
  • Have several pitches ready to go - preferably a short pitch and a long pitch.

These pitches do not need to be for equities. If you can put together a non-equities trade that is strong, that is particularly impressive.

From a technical perspective, Citi is known to ask questions about bond concepts such as duration and convexity. You can also review more below.

Citi Case Study Prep

What makes Citi's super day process different than most BB's is that they do a case study in the interview. User @Rotterdam", a sales and trading associate, shared a detailed explanation of how this case study goes:

Rotterdam - Sales and Trading Associate:
First thing was a case study where you were a consultant for a company that was looking to make an investment and had three different options. There was a packet that laid out the pros and cons of all the investments and gave you some basic facts about them. In my opinion, the packet explained way too much about each investment and basically gave you the "right" answer if you even somewhat know how economics works. If they were wanting to see what people knew and how they thought about problems they should have given a lot less information.

When looking at the investment it is important to compare it to the companies current business model. Does each investment increase or decrease overall company risk? Is it a natural hedge against other things the company does? Mitigating risk is always good. Try to think about both wide spread macroeconomic conditions. For example, if the company in the study is a residential real estate developer should they buy a bunch of mortgage backed securities? Probably not. If they are a steel manufacturer they probably shouldn't invest in the Chinese stock market either considering how closely steel demand and the Chinese stock market move together. You get the idea.

After you read through the case and write down your notes on it they sent me through 6 different interviews. 2 were fit based questions, 2 were technical questions, 1 was general asking me about my background, and 1 was the interviewer asking questions about the case study and playing devil's advocate to anything you say, so be ready to defend your position.

You can read more about interviews with Citigroup on the WSO Company Database.

Read More About Citi on WSO

Want a Career in Trading?

To begin preparing for your interview, WSO Prop Trading has everything you need to know for prop trading interviews, including a myriad of questions with thoroughly explained answers.

Prop Trading Interview Course

Comments (113)

Best Response
Jun 30, 2017 - 10:05am
Rotterdam, what's your opinion? Comment below:

Slow morning at work so I will share my story. I went through a superday with them a couple months ago and received an offer.

First thing was a case study where you were a consultant for a company that was looking to make an investment and had three different options. There was a packet that laid out the pros and cons of all the investments and gave you some basic facts about them. In my opinion, the packet explained way too much about each investment and basically gave you the "right" answer if you even somewhat know how economics works. If they were wanting to see what people knew and how they thought about problems they should have given a lot less information.

When looking at the investment it is important to compare it to the companies current business model. Does each investment increase or decrease overall company risk? Is it a natural hedge against other things the company does? Mitigating risk is always good. Try to think about both wide spread macroeconomic conditions. For example, if the company in the study is a residential real estate developer should they buy a bunch of mortgage backed securities? Probably not. If they are a steel manufacturer they probably shouldn't invest in the Chinese stock market either considering how closely steel demand and the Chinese stock market move together. You get the idea.

After you read through the case and write down your notes on it they sent me through 6 different interviews. 2 were fit based questions, 2 were technical questions, 1 was general asking me about my background, and 1 was the interviewer asking questions about the case study and playing devil's advocate to anything you say, so be ready to defend your position.

I'm not going to go into what technical questions were asked because those are entirely up to the interviewer and one of my interviewers that was supposed to ask technical questions walked in and said "this is supposed to be one of the technical interviews but I'm not doing that" and then proceeded to just ask me about my background, college, etc.

Jun 30, 2017 - 8:21pm
casualgamer, what's your opinion? Comment below:

Hey - thanks so much for this!

For the case study, so would you say whichever investment has the lowest risk is the one to go with? Or does it give you the return numbers, so you would need to calculate risk-adjusted return? More qualitative or quantitative?

Jul 1, 2017 - 12:23am
Rotterdam, what's your opinion? Comment below:

Nope, no numbers. More just along the lines of the company you are consulting specializes in x. They have some extra cash and want to make an investment and are trying to decide between z, y, and w. Here are the benefits and risks of each investment. Which one should the company take?

I went with the answer that best mitigates risk because if the company is going to invest in something that is highly correlated to what they already do then what is the point of making the investment? Wouldn't the money just be better spent investing further in what the company already specializes in? That was my thought process anyways.

Jul 1, 2020 - 6:48pm
snipschaser, what's your opinion? Comment below:

didn't notice how old this was

Array
Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Nov 16, 2017 - 8:19pm
Tabasco boy, what's your opinion? Comment below:

Help Please! Citi S&T Summer Analyst Superday (Originally Posted: 12/08/2013)

So here is the situation. I am totally new to this field. I hope big monkey can give me some advice.

I got invited for the superday with Citi for a s&t summer internship in NY on Jan. 16. However, I won't return to the states until 19. I already booked the flights but don't want to miss this opportunity. I wanted to email the recruiting manager to arrange another day to do the interviews but I am afraid that this might hurt my chance of getting in, since they might get enough people before interview me.

The worst case is that I have to give up going home to see my parents which I really don't want to. What should I do?

Nov 16, 2017 - 8:23pm
notthehospitalER, what's your opinion? Comment below:

To add to what's been said above, I personally wouldn't email them and ask about changing it if I'd already committed to the superday on Jan 16. In that scenario I'd act differently.

Nov 16, 2017 - 8:24pm
Tabasco boy, what's your opinion? Comment below:

Yeah, I haven't committed to it yet. I booked the tickets two months ago and just got an email on Friday telling me that the superday is 16th so I haven't got a chance to reply yet. Should I email the hr then? I am worried that HR might change my date but since many candidates get offers right after the superday there might not be space for me if I do it late. That's my speculation, please correct me if I am wrong.

Nov 16, 2017 - 8:27pm
ivy23333, what's your opinion? Comment below:

Citi HK s&t final round (Originally Posted: 11/02/2017)

anyone has a Citi MSS final round coming up? any idea about how to prepare it? I was informed that the interview is in a few weeks, still didn't hear back from HR afterwards.

  • Prospect in 
Jun 25, 2020 - 3:05pm

Just had SD and was 3 interviews, one fully behavioral, one half behavioral / half technical, and one full technical/markets

  • Prospect in 
Jul 1, 2020 - 5:34pm

I don't know, CS sent out offers from last Wednesday today and citi said they were going to try to do it within a week which would've been today but I haven't seen anyone post about offers so hard to say

Jul 1, 2020 - 6:58pm
ArmsCartel, what's your opinion? Comment below:

Good stuff. Let me know if you see or hear anything from friends. I will do the same. I guess for sales and trading it really does take a week. Hopefully not hearing back in one or two days does not mean a wait list or rejected rejection.

Jul 6, 2020 - 11:50am
Medianjoker, what's your opinion? Comment below:

hahaha good stuff bro let's keep in touch see if anything comes out today hopefully. they might just be taking longer to coordinate since it's virtual and interviewers were from different offices

  • Prospect in IB-M&A
Jul 11, 2020 - 7:38pm

Has anyone heard back from any superdays yet? Been waiting for two weeks.

  • Prospect in 
Jul 11, 2020 - 9:20pm

Nope, which office was yours for?

  • Intern in HF - Other
Jul 11, 2020 - 9:41pm

I interviewed with Citi S&T back in the first wave in April and I got my offer the day after the superday. Don't want to scare anyone since timelines may have gotten messed up but Citi should have fast turnaround.

  • Prospect in 
Jul 11, 2020 - 9:48pm

Was yours New York? and yeah thats pretty standard which is why this is weird, but firms usually call with waitlists and rejections and doesn't seem like anyone has heard anything

  • Prospect in IB-M&A
Jul 12, 2020 - 10:10am

HR told me that they were busy and delayed... I wouldn't think she would lie when they could just tell me I am waitlisted or rejected...

Jul 14, 2020 - 1:41pm
banker2022, what's your opinion? Comment below:

Ut dolores iste nobis unde ullam adipisci ut. Est sit ut culpa dolorem harum velit laboriosam.

Cupiditate ipsum illo aut quibusdam tempora non. Sint officia voluptatum veritatis aliquam quia vel.

Ipsum praesentium eaque qui. Architecto ipsum ut et ipsa molestias dolorum error. Hic incidunt dolore inventore quos voluptas. Consequuntur laudantium quia ea qui.

Tempore quisquam ut aliquid dolorum. Excepturi eum voluptatem est qui rem ea nihil. Non pariatur saepe rerum veritatis. Dignissimos corrupti qui dolorem molestias et dolore.

  • Prospect in 
Jul 14, 2020 - 1:43pm

Quia in fuga nemo sit repellendus. Sapiente beatae vero ut voluptas veritatis rem. Et esse quis voluptates quasi officia. Sed molestiae ipsa eveniet facilis quis. Nihil voluptatem eveniet est est laudantium architecto veritatis.

Dolor ut dignissimos ea est. Rerum esse totam magni ut similique ea alias.

Start Discussion

Popular Content See all

Career Advancement Opportunities

September 2022 Investment Banking

  • Jefferies & Company (▲05) 99.6%
  • Lincoln International (= =) 99.2%
  • Bank of America Merrill Lynch (▲04) 98.8%
  • Financial Technology Partners (+ +) 98.5%
  • Evercore (▽02) 98.1%

Overall Employee Satisfaction

September 2022 Investment Banking

  • Jefferies & Company (▲12) 99.6%
  • Greenhill (▲07) 99.2%
  • Evercore (▲02) 98.8%
  • PJT Partners (▽02) 98.4%
  • Macquarie Group Limited ABN (▲21) 98.1%

Professional Growth Opportunities

September 2022 Investment Banking

  • Jefferies & Company (▲05) 99.6%
  • Lincoln International (▲03) 99.2%
  • PwC Corporate Finance (▲12) 98.8%
  • Bank of America Merrill Lynch (▲05) 98.5%
  • Houlihan Lokey (▲05) 98.1%

Total Avg Compensation

September 2022 Investment Banking

  • Director/MD (10) $613
  • Vice President (38) $392
  • Associates (210) $257
  • 2nd Year Analyst (131) $163
  • 3rd+ Year Analyst (19) $160
  • 1st Year Analyst (440) $151
  • Intern/Summer Associate (83) $150
  • Intern/Summer Analyst (319) $93